Help ID this old WRAC Shotgun

Please help me identify this shotgun. I have taken a bunch of pictures.
A gun shop owner of 35 years couldn't id this gun because it was too old.
I took pictures with some glare on purpose in some cases to make the markings
stand out. The gun belongs to my neighbor who's a WWII vet. He's interested in selling it.

The gun is a Winchester Model 1887 Lever Action Shotgun. It was made in 10 or 12 gauges with a four shot magazine, 30 or 32 inch full choke fluid steel barrel, plain pistol grip stock. First Browning patent shotgun manufactured by Winchester, first lever action shotgun manufactures domestically. Made 1887 to 1901. Approximately 64,855 were made. Serial number 48.619 made in 1893. Values given in the Blue Book are:
100%-$3,850, 98%-$3,300,,95%-$2,995, 90%-$2,650, 80%-$2,200, 70%-$1,875, 60%-$1,325, 50%-$1,100, 40%-$900, 30%-$775, 20%-$775 and10%-$695.
Percentage figures are for the remaining original finish on the metal and wood and assume the gun is in a safe mechanical condition for shooting. The values or for retail values.The gun was designed and made to shoot 2 1/2 inch shot shells loaded with black powder, and lead shot. It was not designed for longer, 2 9/16 or 2 3/4 inch shells loaded with smokeless powder, steel shot or slugs and certainly not 3 inch magnum shells loaded with high pressure smokeless powder. As to selling the gun, no gun dealer will pay these valued. They will pay only about 40% to 60 % of the retail value. Remember they are in business to make a profit. The photographs are not sufficient to make an evaluation of the gun. Someone well qualified will have to make a hands on evaluation. I suggest you take the gun to an Appraiser (look in the telephone yellow pages for them) but don't go to a flea market type, a gun dealer or shop or a good gunsmith for an appraisal. A good appraiser will give you a written appraisal but he may charge for the service. To sell the gun it can be consigned to a gun auction house for sale or you can place it on one of the gun auction sites (there are several on the internet) for auction.

As mentioned by Anchor Clankor, it is a Model 1887. The serial number tells me that it was manufactured in November of 1892.

The pictures you posted show that it has been refinished (a long time ago). As it was originally made, the receiver frame, lever, and hammer were case color hardened (they are now blued).

Also as mentioned, the Model 1887 was made in 12 and 10 gauge (and it will be marked on the top of the barrel near the receiver frame). The 12-gauge guns were chambered for a 2-5/8" shell, and the 10-gauge guns for a 2-7/8" shell, black powder only.

Thought you might like to see one in action. They have a small following in Cowboy Action Shooting. There are some repros being made, shown here being run by one of the top proponents of their ilk. Hope you enjoy.

I don't know, Ron. Shop I used to live at, I was the "old gun guy". Man that owned it was up on machine guns. Knew about Glocks and other plastic-fantastic. Pretty good on Smith HEs. Knew all there was to know about EBRs. But if it was a single action, or a lever, or anything made before about the 30s, if I was there I got called over for a consultation. Because "older guns" was not his thing.

But, by the same token, if I was behind the counter and someone had a question about black guns or plastic guns, I had to call somebody else over, 'cause I don't know about them.

Your right, Jim. For shooting the 87 in competition smiths will alter them somehow to allow you to take two shells and put them into the breech area, stacked. When you close the action one is inserted into the barrel, the other into the mag. Chiappa has merely done that at the factory to accomodate their main market for this replica.